Political participation and financial education: Understanding personal and collective tradeoffs for a better citizenship

Anna Lo Prete

Economics Letters, 2024, vol. 244, issue C

Abstract: The paper documents a positive association between political participation, measured by the number of citizens voting at national elections, and awareness of the tradeoffs behind both private and public decisions that indicators of basic financial education can capture. The association is robust to the inclusion of a range of controls, stronger for the most difficult concepts of risk diversification and interest compounding, and consistent with the hypothesis that in countries where financial education is higher due to national cultural traits, voter turnout at national elections is higher.

Keywords: Financial education; Financial literacy; Citizenship; Voter turnout; Culture (search for similar items in EconPapers)
JEL-codes: D72 G53 I21 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Working Paper: Political participation and financial education: understanding personal and collective tradeoffs for a better citizenship (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004270

DOI: 10.1016/j.econlet.2024.111943

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